Financial Literacy
Flashcard
•
Life Skills
•
9th - 12th Grade
•
Practice Problem
•
Hard
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17 questions
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1.
FLASHCARD QUESTION
Front
What is saving?
Back
Accumulation of excess funds by intentionally spending less than you make
2.
FLASHCARD QUESTION
Front
What is emergency savings?
Back
Cash set aside to cover the cost of unexpected events
3.
FLASHCARD QUESTION
Front
How much money should you save for emergencies?
Back
6 months worth of expenses
4.
FLASHCARD QUESTION
Front
How does time affect money?
Back
The longer you save your money the more you will make
5.
FLASHCARD QUESTION
Front
What is investing?
Back
Assets purchased with the goal of providing additional income from the asset itself but with the risk of loss.
6.
FLASHCARD QUESTION
Front
Stocks are:
Back
A share of ownership in a company
7.
FLASHCARD QUESTION
Front
What is a bond?
Back
A Form of lending to a company or the government.
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